Welcome to our dedicated page for Iheartmedia news (Ticker: IHRT), a resource for investors and traders seeking the latest updates and insights on Iheartmedia stock.
iHeartMedia Inc (IHRT) stands as a leader in multiplatform audio entertainment, combining broadcast radio dominance with digital streaming innovation. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial milestones, and strategic initiatives shaping the evolving audio media landscape.
Access real-time announcements including quarterly earnings reports, content partnership expansions, and technological advancements across iHeartMedia's three core segments: broadcast networks, digital platforms like iHeartRadio, and media services infrastructure. Our curated collection simplifies tracking of regulatory filings, leadership changes, and market positioning moves critical for informed analysis.
Key coverage areas include advertising revenue trends, podcasting ecosystem growth, live event sponsorships, and broadcast technology upgrades. Bookmark this page for streamlined access to press releases, SEC filings, and expert analyses that matter most for understanding IHRT's performance in competitive media markets.
Pepsi, in partnership with iHeartMedia, has launched the "iHeartRadio Presents The Pepsi HBCU Marching Band Experience," a virtual showcase featuring bands from Florida A&M, Hampton University, Prairie View A&M, and North Carolina A&T. This initiative celebrates HBCU homecoming traditions during the pandemic, showcasing a unique performance of Curtis Mayfield's "Move on Up" and Megan Thee Stallion's "Savage." The event supports HBCU pride and includes commitments for music program resources like scholarships and equipment.
Empire State Realty Trust (NYSE: ESRT) and iHeartMedia announce the Empire State Building's annual holiday music-to-light show featuring Carrie Underwood's new song 'Hallelujah' with John Legend. Scheduled for December 19 to December 25, the show will sync live at 8:00 p.m. with broadcasts on iHeartRadio's Z100 and LiteFM. The event highlights Underwood's debut holiday album, 'My Gift,' released on September 25, with an emphasis on bringing festive joy to viewers worldwide through YouTube and Earthcam.
iHeartMedia (Nasdaq: IHRT) reported Q3 2020 revenues of $744 million, down 22% YoY but up 53% QoQ, indicating signs of recovery post-COVID-19. Digital revenues increased 17% YoY, with a significant 74% growth in podcasting. Political advertising contributed positively, with October seeing a 2% YoY revenue increase. The company received FCC approval for foreign ownership, simplifying capital structure, and completed acquisition of Voxnest. Operating income was $39 million, with a GAAP loss of $1.85 billion year-to-date, largely due to non-cash impairment charges.
iHeartMedia, the leading podcast publisher globally, has entered into a partnership with Pushkin Industries to co-produce and distribute a wide range of premium podcasts. This agreement makes iHeartMedia Pushkin's exclusive sales partner and will result in co-producing new original shows over the next two years. Notable titles include 'Revisionist History' and 'The Happiness Lab.' Additionally, two new shows, 'Double Date' and 'Lost Hills,' are set for release in March 2021, expanding the iHeartPodcast Network's offerings, which aims to reach a larger audience.
iHeartMedia, Inc. (Nasdaq: IHRT) announced that the Federal Communications Commission (FCC) approved an increase in its authorized foreign ownership from 25% to 100%. This decision, which comes with certain conditions, allows foreign investment up to 100%, enhancing flexibility for share purchases. Holders of iHeartMedia warrants can exchange them for Class A or Class B shares of common stock. iHeartMedia continues to hold its position as the leading audio company in the U.S., boasting a monthly reach of nine out of ten Americans.
iHeartMedia is hosting the 2020 iHeartRadio Jingle Ball as a virtual event on December 10, showcasing performances from top artists like Billie Eilish, Doja Cat, and Dua Lipa. Fans will experience artists' holiday traditions and performances amid pandemic restrictions. The event airs across more than 95 iHeartMedia radio stations and is available for streaming on The CW App. Additionally, a special celebrating 25 years of Jingle Ball will premiere on December 3. Capital One continues as the national presenting partner, offering exclusive contests for cardholders.
iHeartMedia (NASDAQ:IHRT) has announced its upcoming "HBCU Homecoming Celebration on iHeartRadio," promoting Black excellence and achievement across various platforms. The lineup includes an artist panel focused on female empowerment, a tailgate party with celebrity guests, and a virtual concert featuring Khalid. Key events will stream on YouTube and iHeartMedia's Hip Hop and R&B stations on November 12, 2023. This initiative aims to uplift HBCU students and alumni affected by the pandemic, showcasing notable talents and a dedicated 24-hour HBCU station.
iHeartMedia has entered into an agreement to acquire Voxnest, a leading podcast marketplace and analytics provider. This acquisition aims to enhance iHeartMedia's advertising capabilities by offering additional inventory for podcast advertisers, thereby advancing monetization strategies. Voxnest's technology will facilitate better targeting and programmatic buying across audio platforms, benefiting both creators and advertisers. With iHeartMedia being the top commercial podcast publisher in the U.S., this strategic move is expected to strengthen its digital product ecosystem and further consolidate its market leadership.
iHeartMedia, Inc. (NASDAQ:IHRT) will announce its financial results for Q3 2020 on November 9, 2020, at 4:30 p.m. ET, followed by a conference call. Investors can access a live audio webcast on the company’s website. The conference call can be joined by dialing the provided numbers with the PIN. An audio replay will be available after the call. iHeartMedia remains a leading audio company in the U.S., reaching 90% of Americans monthly through over 850 broadcast stations and its iHeartRadio digital service, delivering podcasts and streaming music.
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